Wellesley, MA 2016 Real Estate Activity Report

During 2015, real estate activity in Wellesley saw a decrease in total sales volume but an increase in average sales price.  

 

There was a 1% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Wellesley in 2016.  6,445 land documents were recorded versus 6,531 in 2015. 

 

The total volume of real estate sales in Wellesley during 2016 was $680,951,748, a 9% decrease from 2015. The average sales price of homes and commercial property was up 4% in Wellesley. The average sale price was $1,415,700.     

 

The number of mortgages recorded (1,538) on Wellesley properties in 2016 was up 4% from the previous year. Total mortgage indebtedness increased 18% to $1,220,013,498 during the same period.

 

There was 1 foreclosure deed filed against a Wellesley property during 2016, compared to 0 foreclosure deed filings in 2015. 

 

Finally, homestead activity decreased 1% in Wellesley during 2016 with 562 homesteads filed compared to 569 in 2015.

The Norfolk County Registry of Deeds will be closed on Thursday, July 4th in celebration of Independence Day. We are open Friday, July 5th.

The Norfolk County Registry of Deeds is closed Today, July 4th in celebration of Independence Day. We are open Friday, July 5th.